MPS to return to profit - Big recovery play

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Roofer2 - Fri, 29 Dec 06 :

L/P not too sure if the close period covers the AGM, the results are already out, MPS as you an i no are still under valued and directors could buy for that reason alone,
I may be wrong,, close period can be a grey area an example below shows this

Several directors of Tarmac Ltd built up their holding over a couple of weeks including Chief Executive, Roy Harrison, who bought 25,000 shares at 398p and Finance Director, Chris Bunker who invested in a total of 17,403 shares. The share price had been depressed due to fears over interest rates but the day after the final purchase, the price rocketed by 34.5% due to a possible bid offer.

The sequence of purchases followed by the sudden rise in share price prompted an investigation by the London Stock Exchange but the directors maintained they knew nothing of the bid until the day after the last purchase.

While directors do run some risk, examples such as this are quite rare.

Here, both the directors and the offeror recognised that the stock was cheap but the directors saw it first.


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